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Jan 27, 2018
01/18
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[applause] we have created the imf. it has its legitimacy. it looks at what governments are doing in the financial sector, but it doesn't look at the least deregulated parts of the sector. bitcoin, crypto currencies, shadow banking, the most aggressive operators on the financial markets, the ones that can deregulate the whole system. they are not being looked at by the imf, so we got to have a discussion, and i hope we are able to do this within the framework of the g20. i know they want to really put argentina in the forefront of this leadership role, and i think that they will be a very important role to be played by g20. that will give us the possibility to give more space to regulation. howlso need to think about we are going to regulate the major players. the companies that are the major players. i would mention them, but there's also a lot of destabilization because of technological change. we don't have a framework to regulate that. whenever going to stop innovation? we are going to stop this at some point. at one point or going to say
[applause] we have created the imf. it has its legitimacy. it looks at what governments are doing in the financial sector, but it doesn't look at the least deregulated parts of the sector. bitcoin, crypto currencies, shadow banking, the most aggressive operators on the financial markets, the ones that can deregulate the whole system. they are not being looked at by the imf, so we got to have a discussion, and i hope we are able to do this within the framework of the g20. i know they want to...
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Jan 25, 2018
01/18
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extent do a need to militarize the safety mechanism, for those programs that work together with the imf. would like to turn this more into a european monetary fund without, obviously, being able to do without the competence of the imf. we need their expertise. we have every respect for economic expertise, and we need this. we need the final backstop for banks to sort of get a better separation. -- debt.eign that .t the european monetary they spoke about the need for doing this. they need to develop this more. chancellor,erkel: you were saying that protection is not the right answer. can that multilateral be strengthened? >> what we see in the european union and the many of you that look at the outside, perhaps it is a cultural shock to see 27 or , it isers multilateralism. we have this in germany as well. time we have to find a compromise with them. it seems to be much faster. and immediately, a national response by others. the chairman communication is broken. i think it is well worth our while to act to have a patient with that interaction. the knownlooks at members from overseas, i t
extent do a need to militarize the safety mechanism, for those programs that work together with the imf. would like to turn this more into a european monetary fund without, obviously, being able to do without the competence of the imf. we need their expertise. we have every respect for economic expertise, and we need this. we need the final backstop for banks to sort of get a better separation. -- debt.eign that .t the european monetary they spoke about the need for doing this. they need to...
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Jan 28, 2018
01/18
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how does the imf see the balance? >> a bit like you just said. asian --he urbanizing , the finance, islementation and so forth clearly a slowing down factor. there is also population aging, mainly not so much in the emerging market economies. there is delayed investment which has not helped. there are multiple factors affecting it. increased urbanization is one of them. can i say a word? that number on inflation was not decided randomly. it was calculated carefully. there are areas in the world at an average 2% inflation target in a particular zone, it- currency might be appropriate for some countries in that zone to target a rate higher than 2%. >> i'm going to ask you about the inflation, governor. you had almost two decades of it seems to beow suggested that 2% is too low. your plenty of room to maneuver. ?hat is your view are you trying to hit a target that is already outdated? targetink 2% inflation is still meaningful, relevant, for managing manufacturing policy. a few points. one, as you may know, consumer toce indeces tend overestimate re
how does the imf see the balance? >> a bit like you just said. asian --he urbanizing , the finance, islementation and so forth clearly a slowing down factor. there is also population aging, mainly not so much in the emerging market economies. there is delayed investment which has not helped. there are multiple factors affecting it. increased urbanization is one of them. can i say a word? that number on inflation was not decided randomly. it was calculated carefully. there are areas in the...
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Jan 2, 2018
01/18
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the imf treaty is under criticism from both sides. are we at the end of arms control as we have known it, or is this a temporary pause? if we don't have arms control as we have known it, how do we manage our nuclear relationship? amb. anatov: first of all, i would like to repeat your words. we need more trust. it's impossible to start negotiations tomorrow. it is necessary to make a lot of preparation work for this. i remember 2009 and 2008, we started our negotiations with the united states. you had excellent team, professional team, smart team led by your former undersecretary. it was very difficult for her, because there was a gap of negotiations between the united states and russia. it was necessary to create something special for such negotiations, and for the russian federation, it was difficult to do the same. but we managed and we agreed. we spent about -- you say 15, 17 hours per day together, trying to understand what kind of concerns we had at the time. of course, we can be criticized today by our opponents regarding the pr
the imf treaty is under criticism from both sides. are we at the end of arms control as we have known it, or is this a temporary pause? if we don't have arms control as we have known it, how do we manage our nuclear relationship? amb. anatov: first of all, i would like to repeat your words. we need more trust. it's impossible to start negotiations tomorrow. it is necessary to make a lot of preparation work for this. i remember 2009 and 2008, we started our negotiations with the united states....
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Jan 26, 2018
01/18
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this into a european monetary fund without , obviously, being able to do without the competence of the imf. we need their expertise. i want to say this in particular , we have every respect for economic expertise and we need this. we need the final backstop for to get a in order better separation between the sovereign debt and the banks. the, the involvement of state and private banking. we have a european monetary union. the monetary union is working ok , but we are far from having an economic union, even before the euro was introduced, we spoke about the need for doing this. we need to develop this more. you are saying that protectionism is not the right answer. what can we do? how do we ensure that multilateralism is maintained and can be strengthened? chancellor merkel: what we see in the european union is a cultural shock to see our 27 or 28 members try to find a solution. multilateralism is essential. we have this in germany as well. every time, we have to find a compromise with them. we have to have patience to find multilateral solutions. it seems to people that it is .uch faster t
this into a european monetary fund without , obviously, being able to do without the competence of the imf. we need their expertise. i want to say this in particular , we have every respect for economic expertise and we need this. we need the final backstop for to get a in order better separation between the sovereign debt and the banks. the, the involvement of state and private banking. we have a european monetary union. the monetary union is working ok , but we are far from having an economic...
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Jan 7, 2018
01/18
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but what we have seen instead is the rouhani government is doing the kinds of things that the imf would approve off, which is taking the easy route out, finding ways to cut spending and raising taxes. it ends up hitting the poor, and there is no trickle down. it is not necessary. frankly, it would be possible to come up with a different set of policies that address an awful lot of the concerns of the ordinary people. maybe a positive insurance system for the banks, excuse me! there are few countries that don't have a deposit insurance system. it is not revolutionary. it really would be possible to implement that, instead of having these people on the on the streets in tehran who because they lost their entire life savings -- the millions of people that rouhani referred to in his speech that were completely ruined, we could address that problem. it would not be that hard. i have to say that i'm impressed by the economic incompetence. of the successive iranian governments, and it not dealing with these things. there's clearly a deadlock in decision-making deadlock in tehran which is much
but what we have seen instead is the rouhani government is doing the kinds of things that the imf would approve off, which is taking the easy route out, finding ways to cut spending and raising taxes. it ends up hitting the poor, and there is no trickle down. it is not necessary. frankly, it would be possible to come up with a different set of policies that address an awful lot of the concerns of the ordinary people. maybe a positive insurance system for the banks, excuse me! there are few...
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Jan 2, 2018
01/18
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i need to support, not only of the imf, but it was very strong destabilization and reform program. and the institution is so bad that we need to put together more resources. in the situation, it would not only be a mexican crisis. it would affect the rest of latin america. it would be systemic to the entire financial system. i said, let me talk to larry. he says, you are commended. you may be right. yes, of course i'm right. >> you only have a lot of reasons. but anyways, he tried to go one way through congress. he worked with bipartisan leadership. but the thing could not get through congress. he used an old facility that existed to lend mexico the money. least of all, to lend money to mexico. and the argument to use over and over again, they explain things. i told the leaders that the neighbors house is burning and you better hope your neighbor because otherwise, your house can get a fire. very graphic, very simple argument. it was three years in advance. to prevent moral partner. it is a good story of cooperation. >> tried to get that clinton as negotiator, a deliberater. give u
i need to support, not only of the imf, but it was very strong destabilization and reform program. and the institution is so bad that we need to put together more resources. in the situation, it would not only be a mexican crisis. it would affect the rest of latin america. it would be systemic to the entire financial system. i said, let me talk to larry. he says, you are commended. you may be right. yes, of course i'm right. >> you only have a lot of reasons. but anyways, he tried to go...
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Jan 23, 2018
01/18
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the goal of integrating russia into both international and , the imf,nstitutions the world bank after the fall of the collapse of the soviet union, but also institutions like the council of europe -- i think that was the right choice to make then. going back to your question about, was this inevitable. there was a certain original sin the capture of russia and you cannot get around that. you saw that prior to the last administration. he saw in georgia in 2008 with the cyberattack in estonia on 2007 and yet, there were contingent events that shaped the flow of russian leadership and how it responded. one was a massive protests in russian cities in 2011 and 2012. the putin regime had been writing these -- riding th ese high oil prices. there is one event where putin shows up at a martial arts event and they aren'e jeering and boog him. ended the result of that up being confrontation. i do not think that was inevitable. there is still history ahead of us. we need to have that play out. you are both a single we should not give up. mr. biden: i do not think we can give up on the possibilit
the goal of integrating russia into both international and , the imf,nstitutions the world bank after the fall of the collapse of the soviet union, but also institutions like the council of europe -- i think that was the right choice to make then. going back to your question about, was this inevitable. there was a certain original sin the capture of russia and you cannot get around that. you saw that prior to the last administration. he saw in georgia in 2008 with the cyberattack in estonia on...
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Jan 24, 2018
01/18
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the goal of integrating russia into both international and economic institutions, the imf, the wto and the world bank after the fall of the collapse of the soviet union, but also norms based institutions like the council of europe. i think that was the right choice to make then. going back to your question about, was this inevitable. there was a certain original sin where the ex-kgb elitists captured the institutions of the state in russia. you cannot get around that. you saw that prior to the last administration. he saw in georgia in 2008 with the cyberattack in estonia on 2007 and yet, there were contingent events that shaped the flow of russian leadership and how it responded. one was a massive protests in russian cities in 2011 and 2012. all of the sudden you had the putin regime, which seems so stable, starting to look fragile. there is one event where putin shows up at a martial arts event amongst the crowd that is his base and they are jeering and booing him. that had a profound impact followed up as it was by the arab spring in terms of internal interaction. we saw the result o
the goal of integrating russia into both international and economic institutions, the imf, the wto and the world bank after the fall of the collapse of the soviet union, but also norms based institutions like the council of europe. i think that was the right choice to make then. going back to your question about, was this inevitable. there was a certain original sin where the ex-kgb elitists captured the institutions of the state in russia. you cannot get around that. you saw that prior to the...
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Jan 4, 2018
01/18
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there are lots of people who can provide good advice, like the imf and other institutions. it's been impressive, they spent two years dithering about the central bank authority and they've been talking about setting up a bad bag with all the bad loans. you have a real serious banking crisis. it's nothing like the scale of a banking crisis we saw in cyprus and in iceland, to countries that dealt very effectively with their banking crisis. is the inability of the authorities to take a tough decision that is the fundamental problem here. in fact, it would be quite possible to resolve these economic problems. similarly, even though there's been reasonable economic growth, one could imagine a set of economic policies that direct that growth more towards ordinary people. the rouhani government is doing the kinds of things that -- taking the easy route out, finding ways to cut spending and raising taxes. that hits the poor and there's no trickle-down. it would be possible to come up with a different set of policies that addressed an awful lot of the concerns of ordinary people. th
there are lots of people who can provide good advice, like the imf and other institutions. it's been impressive, they spent two years dithering about the central bank authority and they've been talking about setting up a bad bag with all the bad loans. you have a real serious banking crisis. it's nothing like the scale of a banking crisis we saw in cyprus and in iceland, to countries that dealt very effectively with their banking crisis. is the inability of the authorities to take a tough...
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Jan 26, 2018
01/18
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the border with northern ireland and the deputy director of the imf, david lipton. don't miss my panel. we will be talking about the end of easy money, what that means for the world economy and for asset classes. a little bit later in the day from the u.s. president donald s byp, he will tell davo his america first agenda is good for the world. that is coming up four hours from now. here is nejra cehic with the bloomberg first word news. nejra: donald trump wanted to uere robert mueller in june d himselfrns he would put in legal jeopardy. the "new york times" reported that he relented after his white house counsel refused to carry out the order and threatened to resign. ullerews emerged as me focuses on the possible obstruction of justice. donald trump will support the path to citizenship for as many as 1.8 million undocumented immigrants. white house officials say as part of any deal, trump wants congress to provide a $25 billion trust fund to pay for a southern border wall and enhanced security. as well as improvement along the u.s.-canada border. he will also see
the border with northern ireland and the deputy director of the imf, david lipton. don't miss my panel. we will be talking about the end of easy money, what that means for the world economy and for asset classes. a little bit later in the day from the u.s. president donald s byp, he will tell davo his america first agenda is good for the world. that is coming up four hours from now. here is nejra cehic with the bloomberg first word news. nejra: donald trump wanted to uere robert mueller in june...
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Jan 5, 2018
01/18
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experience on how to deal with these things, we have lots of people who can provide good advice such as the imf and other institutions, on what to do. what has been impressive they , spent two years dithering in theodest changes central bank's authority, and they did not spend it talking about setting up a bad bag with -- a bank with loans. you have a real serious banking crisis. it's nothing like the scale of a banking crisis we saw in cyprus and in iceland, to countries -- two countries which dealt very effectively with their banking. so the inability of the authorities to take a tough decision that is the fundamental problem here. in fact, it would be quite possible to resolve these economic problems. similarly, even though there's been reasonable economic growth, one could imagine a set of economic policies that direct that growth more towards ordinary people. been reasonable economic growth, bubble we've seen instead is the rouhani government is doing the that the imfgs would approve off, which is taking the easy route out, finding ways to cut spending and raising taxes. , andds up hitting
experience on how to deal with these things, we have lots of people who can provide good advice such as the imf and other institutions, on what to do. what has been impressive they , spent two years dithering in theodest changes central bank's authority, and they did not spend it talking about setting up a bad bag with -- a bank with loans. you have a real serious banking crisis. it's nothing like the scale of a banking crisis we saw in cyprus and in iceland, to countries -- two countries which...
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Jan 7, 2018
01/18
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guest: imf is projecting they will have economic growth around four-ish percent -- host: better than the u.s. of thebut the scale iranian economy to the u.s. economy is the comparison. makehave been looking to political reforms and with them are economic reforms. he submitted the parliament a highly controversial budget, which shed light on the country. iran remains a highly dependent oil economy. they have raised expectations postnuclear deal, but their structural reforms for the banking sector, modernization of it, have not been made. it is not as tight in the foreign market as one assumed. host: jill in south carolina, good morning. southl in nort carolina, good morning. i would encourage viewers to google the foundation for defense of democracies. this gentleman refers to it as nonpartisan, but it can be referred to as neoconservative by many other people. new conservatives believe in using military power to have american position economically guaranteed, and this is nonsense. this whole thing about the peacock prone, that was set up to protect british petroleum and oil, and this
guest: imf is projecting they will have economic growth around four-ish percent -- host: better than the u.s. of thebut the scale iranian economy to the u.s. economy is the comparison. makehave been looking to political reforms and with them are economic reforms. he submitted the parliament a highly controversial budget, which shed light on the country. iran remains a highly dependent oil economy. they have raised expectations postnuclear deal, but their structural reforms for the banking...
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Jan 10, 2018
01/18
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these people, most come from countries that are rampant in corruption and other social problems and imf for that they will bring in the same type of mentality, problems to this country and that is not the america that i want to live in. ok? so that is my own reason, also this country being -- from third world countries with different values and cultures. host: bob in maryland. many are times taking a look at -- the new york times taken a look at retirement in the house in the house and what it means for the midterm election. highlights the announcement by representative from california, 30, the number of republicans who will either be leaving office or seeking one other than the house. mr. roy punctuated the trend that leaves his party on treacherous footing as they try to maintain congress, and more coming. the republican from arizona expected to announce this week that she will leave her swing district seat to run for the senate. democrats will gain 24 seats -- need to get 12 four seats to control the house, and if , thelicans lose 30 seats story goes on to say that the losers are far
these people, most come from countries that are rampant in corruption and other social problems and imf for that they will bring in the same type of mentality, problems to this country and that is not the america that i want to live in. ok? so that is my own reason, also this country being -- from third world countries with different values and cultures. host: bob in maryland. many are times taking a look at -- the new york times taken a look at retirement in the house in the house and what it...